241 ROSS Street, St. Thomas, ON N5R 3Y5
St. Thomas
CASH FLOWING Turn-Key Triplex in St. Thomas! 241 Ross St offers an outstanding cashflow opportunity, featuring a fully renovated three-unit property situated in a desirable and well-established neighbourhood. The property is fully leased with quality tenants and offers separately metered units. Each unit showcases bright, updated interiors with high ceilings, and the property includes parking for up to four vehicles. This is a clean, low-maintenance asset delivering immediate and stable cash flow, with the added flexibility for an owner to occupy one of the units if desired. Importantly, the property achieves a TRUE 7% CAP RATE, calculated conservatively and inclusive of maintenance, professional property management, and vacancy allowance, offering investors a realistic and properly underwritten return, with additional upside potential for a self-managed buyer who can retain the management costs. There is also the opportunity for an owner-occupant to move into one of the units while generating cash flow from the remaining suites, making it an attractive option for both investors and those looking to offset their housing costs. Additionally, there is potential to create a fourth unit in the basement (subject to required zoning approvals and permits), presenting approximately $100K profit potential and further enhancing the overall upside of the investment. Buyer to complete their own due diligence regarding zoning, approvals, feasibility, and financial projections.
Estimate only - excludes property tax, condo fees, utilities and home insurance. Rates vary by lender and term; based on semi-annual compounding.
Walkability, transit, and bike-friendliness for 241 ROSS Street, St. Thomas, ON N5R 3Y5
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MLS# X13426974
Listed by EXP REALTY
On market since Jun 10, 2026
241 ROSS Street, St. Thomas, ON N5R 3Y5 is listed for $849,999 CAD.
241 ROSS Street, St. Thomas, ON N5R 3Y5 has 8 bedrooms.
241 ROSS Street, St. Thomas, ON N5R 3Y5 is a Investment, 2,928 sq ft.
241 ROSS Street, St. Thomas, ON N5R 3Y5 is in St. Thomas, Ontario.
241 ROSS Street, St. Thomas, ON N5R 3Y5 is currently for sale.
Contact Michael Mezheritsky at +1 (416) 716-4439 to arrange a private showing of 241 ROSS Street, St. Thomas, ON N5R 3Y5 (MLS# X13426974). You can also send a message through the contact form on this site.
